Marathon Digital Holdings Inc (NASDAQ: MARA) is 14.94% higher on its value in year-to-date trading and has touched a low of $5.13 and a high of $34.09 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MARA stock was last observed hovering at around $25.90 in the last trading session, with the day’s gains setting it 1.1%.
Currently trading at $27.00, the stock is 11.97% and 19.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 77.81 million and changing 4.25% at the moment leaves the stock 87.11% off its SMA200. MARA registered 314.75% gain for a year compared to 6-month gain of 100.45%. The firm has a 50-day simple moving average (SMA 50) of $24.05 and a 200-day simple moving average (SMA200) of -$26.99.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 52.28% loss in the last 1 month and extending the period to 3 months gives it a 117.74%, and is 12.55% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 17.39% over the week and 12.21% over the month.
Marathon Digital Holdings Inc (MARA) has around 30 employees, a market worth around $7.23B and $259.16M in sales. Fwd P/E is 110.09. Profit margin for the company is -137.78%. Distance from 52-week low is 426.32% and -20.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-26.54%).
Marathon Digital Holdings Inc quarterly earnings per share for the current quarter are estimated at $0.03 with sales reaching $156.77M over the same period.The EPS is expected to shrink by -101.04% this year, but quarterly earnings will post 229.10% year-over-year. Quarterly sales are estimated to grow 451.70% in year-over-year returns.
Marathon Digital Holdings Inc (MARA) Top Institutional Holders
373 institutions hold shares in Marathon Digital Holdings Inc (MARA), with institutional investors hold 41.67% of the company’s shares. The shares outstanding are 267.64M, and float is at 255.96M with Short Float at 16.22%. Institutions hold 40.17% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 23.47 million shares valued at $633.79 million. The investor’s holdings represent 10.54% of the MARA Shares outstanding. As of Dec 30, 2023, the second largest holder is Blackrock Inc. with 17.19 million shares valued at $464.19 million to account for 7.72% of the shares outstanding. The other top investors are Jane Street Group, LLC which holds 8.48 million shares representing 3.81% and valued at over $228.86 million, while Morgan Stanley holds 2.82% of the shares totaling 6.27 million with a market value of $169.32 million.
Marathon Digital Holdings Inc (MARA) Insider Activity
A total of 0 insider transactions have happened at Marathon Digital Holdings Inc (MARA) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by SWAMI ASHU,the company’sDirector. SEC filings show that SWAMI ASHU sold 11,000 shares of the company’s common stock on Aug 31 at a price of $13.80 per share for a total of $0.15 million. Following the sale, the insider now owns 7491.0 shares.
Marathon Digital Holdings Inc disclosed in a document filed with the SEC on Aug 23 that Ouissal Said (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Aug 23 and was made at $11.80 per share for $59000.0. Following the transaction, the insider now directly holds 10217.0 shares of the MARA stock.
Still, SEC filings show that on Aug 22, Ouissal Said (Director) disposed off 15,000 shares at an average price of $10.95 for $0.16 million. The insider now directly holds 15,217 shares of Marathon Digital Holdings Inc (MARA).
